Haverford Trust Co Has $5.14 Million Position in Emerson Electric Co. (NYSE:EMR)

14 Nov 2024, 05:57 by Jessica Moore · The Cerbat Gem

Haverford Trust Co raised its position in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 0.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 47,020 shares of the industrial products company’s stock after acquiring an additional 422 shares during the period. Haverford Trust Co’s holdings in Emerson Electric were worth $5,143,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC grew its holdings in shares of Emerson Electric by 11.9% during the 1st quarter. Kingsview Wealth Management LLC now owns 69,615 shares of the industrial products company’s stock valued at $7,896,000 after acquiring an additional 7,418 shares in the last quarter. Blair William & Co. IL grew its holdings in shares of Emerson Electric by 16.6% during the 1st quarter. Blair William & Co. IL now owns 461,895 shares of the industrial products company’s stock valued at $52,388,000 after acquiring an additional 65,905 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its holdings in Emerson Electric by 1.6% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 18,028 shares of the industrial products company’s stock worth $2,045,000 after purchasing an additional 292 shares in the last quarter. TCTC Holdings LLC boosted its holdings in Emerson Electric by 0.3% in the first quarter. TCTC Holdings LLC now owns 110,887 shares of the industrial products company’s stock worth $12,577,000 after purchasing an additional 348 shares in the last quarter. Finally, Tocqueville Asset Management L.P. boosted its holdings in Emerson Electric by 9.8% in the first quarter. Tocqueville Asset Management L.P. now owns 276,988 shares of the industrial products company’s stock worth $31,416,000 after purchasing an additional 24,835 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the sale, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.25% of the company’s stock.

Emerson Electric Price Performance

Shares of Emerson Electric stock opened at $130.16 on Thursday. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $74.54 billion, a price-to-earnings ratio of 38.06, a P/E/G ratio of 2.16 and a beta of 1.30. Emerson Electric Co. has a 1-year low of $87.17 and a 1-year high of $131.56. The firm’s 50-day moving average price is $109.40 and its two-hundred day moving average price is $109.56.

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.62%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 15th. Emerson Electric’s dividend payout ratio is currently 61.40%.

Analyst Ratings Changes

A number of brokerages recently issued reports on EMR. Barclays upped their price objective on shares of Emerson Electric from $103.00 to $116.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 6th. Robert W. Baird upped their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. UBS Group started coverage on shares of Emerson Electric in a research report on Wednesday. They set a “neutral” rating and a $135.00 target price for the company. Finally, KeyCorp boosted their target price on shares of Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus target price of $130.00.

Read Our Latest Analysis on Emerson Electric

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